While the above statement may be true, there are a lot of traders who use those meaningless fib retracements to make a ton of dough. JJ
You think so jj ! Maybe it was just another 18 pt swing, and the 38.2% line that you show just happens to be close to it I take it you know how to count ? You laughed at me yesterday when I told you I was not trading, but I have closed out some of my positions this morning, real early, when most of you were probably in bed, dreaming about spreadbetting ! Are you sure it is not spread bakers you are talking about ? PS: The bars on that chart do not look right and better to remove that setting, it will only throw you off ! Your welcome.
Well all of this certainly is not new. All any of these Hedge Funds do is follow each other in a circle of whispers and so and so is buying into so and so.... Then the newsletter writers follow those buys and etc. This is probably more correct in the Forex trading than stocks. A good researcher can always beat the Generals into a good stock I should know I've been doing it for 22 years! Volume of course is VERY important and those tick downs you speak of, if they are on low volume compared to the up tick... well shame on you for not knowing to stick with the original break out and buy more. How many nimrods parrot off order flow~! It's the oldest game in the book. Don't we all do it in some manner? heard so and so is up $1.70 in the pre on good news. By the time you research the story and agree it is significant news you look to buy and you see in the regular market it is only up 65 cents-- well, there can be your day trade your swing trade or your investment it depends on what you make of the stock and what your goals are with it. I'm not getting any kind of goal orientation out of this MIND system Mastering Intuition means nothing more than going with your gut. I've just had a bad experience with MIND I liked Adams Respiratory because I had some good info on competitors products about to be re labeled by the FDA and not sold over the counter any more>> the implications for ARTX's Musinex sales are huge had I used one part of the MIND system I would have owned the stock when it got a $30 premium the other day in a buy out! Because I greedily followed the Generals and ORDER FLOW that day into some momentum plays, I lost out. I made a little money on the Solar stock and missed the HUGE payout... Get it? S T O N E D- Self Taught Overly Nuanced Eager Decisions I N V E S T O R In New Vectors Ease Strain Towards Order Rectification Now THAT's a system!~ stoney
Still no takers ? How about you jj, you seem to be able to color in charts, and No.2 might suit you ?
I respect your opinion really I do. We are all grown ups here, its Ok for me to decide for myself is it? If this pied piper leads the rats off to slaughter isn't that good for you? You need a constant supply of dumb money entering the markets right? I find it kind of ironic that you clearly 'get your jollies' by destroying this thread. Come on you must have something that's much more entertaining in your life? Go do that - the reaper is getting ever closer to us all after all. would you like some fatuous comment to be your last? Is this the only enjoyment you get from ET nowadays? Ya know I remember when you use to actually contribute, what went wrong man? Seriously its pretty sad to see. Have you pretty much given up? If this is all that's left at ET for you there are much better venues for a bit of Anarchy. Oh, and for the love of whoever you hold dear, if you do stay, please, please try an up the ante a little. Challenge the guys ideas or at the very least come up with something vaguely amusing. The tirade of name calling quickly becomes excruciatingly boring. This post is probably the most positive you have posted in a good while. Thanks. âGreat minds discuss ideas; Average minds discuss events; Small minds discuss peopleâ - Eleanor Roosevelt